Poor sentiment stalks ZSE as main index weakens further

via Poor sentiment stalks ZSE as main index weakens further | The Source 

Poor sentiment on the equities market continued on Tuesday with the industrial index slipping down 0.65 points to close at 208.94 points.

The  index has dropped 8.54 points in the past fortnight with negative trades in mainly big cap counters driving the downward spiral.

Beverage maker and market mover, Delta  dropped 0.49 cents to 146.50 cents on a turnover of $362 000. There were losses also for financial counters NMB and FBC; the former dropped a third of its value to five cents and the later closed 2.48 cents lower at 10.02 cents.

Retailer OK and TSL also traded in the negative, dropping 0.20 cents and two cents to trade at 21.80 cents and 35 cents in that order.

Econet was unchanged at 63 cents but its five million shares exchanged hands for $3.1 million, contributing nearly 75 percent of the total turnover for the day.

On the upside, Seedco pushed up two cents to close at 90 cents and clothing retail Truworths traded positively, with a 0.30 cent gain to close at 4.30 cents. PGI’s share price rose 20 percent after adding 0.02 cents to trade at U0.12 cents

Turnover stood at $4,3 million.

The mining index remained flat at 44.58 points